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US Federal Reserve's Soft Stance: Third Consecutive Stability Boosts Markets - Key Insights
Updated: December 14, 2023 01:45 PM IST
Great rise in American markets... Effect of US Fed's soft stance visible, interest rates stable for the third consecutive time... Indications of reducing rates 3 times next year... FOMC expected to cut rates by 0.75% next year ... More than 90% experts predict rate cut from March... Dow jumps 500 points to record high, crosses 37000... Nasdaq and S&P 500 also rise by about 1.5%... Russell 2000 Index closed up 3.5%
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